What is the definition of a 'Franchised Restaurant' in the Crepe De Licious agreement?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor grants development rights to Area Developer, and Area Developer undertakes the obligation, pursuant to the terms and conditions of this Agreement, to develop no less than the number of Crepe Delicious Restaurants (the "Franchised Restaurant") as set forth in Exhibit A to this Agreement.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, a Franchised Restaurant is defined within the context of an Area Developer agreement. Specifically, it refers to the number of Crepe Delicious Restaurants that the Area Developer is obligated to develop, as outlined in Exhibit A of their agreement with Crepe De Licious.
This definition is important for anyone considering becoming an Area Developer for Crepe De Licious. It clarifies that the term 'Franchised Restaurant' is used to quantify the development obligations of the Area Developer. The exact number of restaurants they must open will be detailed in Exhibit A of their agreement.
Prospective Area Developers should carefully review Exhibit A to understand their development obligations, including the number of restaurants, the development timeline, and any associated performance requirements. This will help them assess the feasibility and potential profitability of the Area Developer opportunity with Crepe De Licious.